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What are FOCs and SOCs? Ask Question 18. 7 $\begingroup$ I keep seeing the terms first-order conditions and second-order conditions used in my undergrad economics class on production functions, monopolies, etc but I have no idea what these terms mean. It seems like a completely ambiguous term.

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Jul 04, 2013 · Under the Crown plan, a $1.5 billion, six-star casino resort will be built in Barangaroo, ending The Star’s Sydney casino monopoly which is due to expire in 2019.

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